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Dec 9, 2013
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square is in a hyper competitive environment where they need to continue to get there. holiday shopping season. a busy time. what kind of growth can we expect? >> it will be interesting to see the numbers. you have seen a lot of competitors come into the space coming in to help merchants. paypal has its own reader. >> bloomberg news editor, thank you for weighing in. could today be an even bigger day than last week cyber monday. that is just ahead. ♪ >> this is the early edition of bloomberg "west." as well-known as black friday or cyber monday, but today is green monday. traditionally the biggest online shopping day of the year. the second monday in december, the day shoppers rush to finish online gift orders i the holidays. cory johnson is back to explain. >> only you would be talking about finishing up holiday shopping. i am somewhere about zero percent like a lot of people. >> 75% done. tracking this on a spreadsheet? >> i want to get my free shipping. this they have historically been the biggest day for online shopping. monday, the second monday after december sh
square is in a hyper competitive environment where they need to continue to get there. holiday shopping season. a busy time. what kind of growth can we expect? >> it will be interesting to see the numbers. you have seen a lot of competitors come into the space coming in to help merchants. paypal has its own reader. >> bloomberg news editor, thank you for weighing in. could today be an even bigger day than last week cyber monday. that is just ahead. ♪ >> this is the early...
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Dec 6, 2013
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looking forward, while mullaly was there, he really turned this around and possibly the worst environment for sales. an impressive job he did from a different industry and a planning sales structure. putting it on solid footing, those are the turn around skills the board likes. >> let's really analyze -- >> he didn't deny it. it's not unequivocal "hell no." >> you've told me you'd stay till 2014. >> no change in the plan. >> it sounds like the non-denial denial. >> a couple months, on the same day they say the plan is not changed. on the 24th, he told investors we won't comment on speculation. he seems to be walking back. >> microsoft wants to decide before the end of the year. >> any decision won't happen the week of christmas. so any big decision will be the next week or two. >> microsoft stepping up against government surveillance. we'll have more when we come back. ♪ >> microsoft says it is stepping up in encryption to protect information. this comes after government intercepting information between centers, but how big a challenge is this? cory johnson is in the newsroom with more.
looking forward, while mullaly was there, he really turned this around and possibly the worst environment for sales. an impressive job he did from a different industry and a planning sales structure. putting it on solid footing, those are the turn around skills the board likes. >> let's really analyze -- >> he didn't deny it. it's not unequivocal "hell no." >> you've told me you'd stay till 2014. >> no change in the plan. >> it sounds like the non-denial...
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Dec 6, 2013
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what are you staying in terms of the economic environment in the u.s.? >> this quarter was slow to start, right? look at the holiday shopping, it was pushed late. other than that, i think things are looking better and better. >> you have done so many acquisitions and have launched many products as well. john donahoe was excitedly showing this beacon. how do you describe it? >> we want to change how people shop. people love shopping, but they hate paying. >> and it is not just because they are cheap? >> no. everyone is like that. we want to remove that friction and make it completely invisible to pay. with beacon, we did that. shop like into a copy you did earlier today -- coffee shop like he did earlier today and then your phone right rates. you can pay completely hands- free. one vibrates. completely hands- free. it can be a retail store or restaurants to enable that and have one of these systems. >> and i have big merchant partners, but how many point-of- sale locations are you in? have overu.s., we 100,000 locations. i do not want to make it specific
what are you staying in terms of the economic environment in the u.s.? >> this quarter was slow to start, right? look at the holiday shopping, it was pushed late. other than that, i think things are looking better and better. >> you have done so many acquisitions and have launched many products as well. john donahoe was excitedly showing this beacon. how do you describe it? >> we want to change how people shop. people love shopping, but they hate paying. >> and it is not...
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Dec 6, 2013
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what are you seeing on the economic environment? >> this quarter was supposed to start. the holidayat shopping season, it was pushed late. other than that, things are looking better and better. >> you have done so many acquisitions. we wereme about beacon. just talking about this. how do you describe it? >> we want to change how people shop. people love shopping. they hate pain. >> does that come cheap? >> everybody is like that. we want to remove the friction and make a completely invisible to pay. we did that. you can go into a coffee shop, like you did, and you just walk in. your phone vibrates, so you know you are checked in. your photo appears on the point- of-sale system and you pay completely hands free. >> you do not have to go to another cash register? >> we have point-of-sale systems that check in. it enables any retail store or copy shop or restaurant to enable that. >> so you have these 30 systems. how many point-of-sale locations are you in? >> in the u.s., we have over 100,000 locations. i do not want to estimate. >> you can if you want. >> no, i cannot. >>
what are you seeing on the economic environment? >> this quarter was supposed to start. the holidayat shopping season, it was pushed late. other than that, things are looking better and better. >> you have done so many acquisitions. we wereme about beacon. just talking about this. how do you describe it? >> we want to change how people shop. people love shopping. they hate pain. >> does that come cheap? >> everybody is like that. we want to remove the friction and...
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Dec 6, 2013
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if you look at it, you will see they are trying to craft a family-friendly environment there it png, wheaties, smuckers, nike. we are in some financial and risk management, liberty mutual. really some interesting categories. >> sounds like you want to hug the guy and not just skate behind him. the challenge is to make him relevant for those two weeks. they're such an intertwined mesh of official sponsors, individual sponsorship opportunities and especially the russian government may or may not make it easier for you. how do you manage that challenge? >> we respect the usoc. we understand what they need to do to give them a value to the sponsors. when we are dealing with usoc sponsors and non-sponsors, for the non-sponsors it is really important to activate pre-the olympics. how do we reach his demographic with a storyline. ore we get into that dark. before the olympics. >> and then there is a dark. well after. that is a challenge at all olympic athletes face as you make him or her relevant during the olympics and how you perpetuate that relevance afterwards? you have these athletes t
if you look at it, you will see they are trying to craft a family-friendly environment there it png, wheaties, smuckers, nike. we are in some financial and risk management, liberty mutual. really some interesting categories. >> sounds like you want to hug the guy and not just skate behind him. the challenge is to make him relevant for those two weeks. they're such an intertwined mesh of official sponsors, individual sponsorship opportunities and especially the russian government may or...
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Dec 9, 2013
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it is kind of like what we have heard from others, this whole notion of a new normal type environment. growth continues to be low about fragile, and there is a continued risk of asset bubbles building. andt conviction is low, comedies are not doing a lot of investing or hiring. there is a bold case scenario, -- bull case scenario, but that only has a 25% probability. >> what an interesting way to look at the markets. what does larry fink have to say? >> larry, as it turns out, is not here. he is traveling in the middle east, he's going to be seeing clients byckrock's doing some investigation on his own. i did have a chance to sit down with larry fink on writing. we talked about something that is really important to investing, risks. where are the risks, and what hes he seem that's -- perceived as the biggest risk? here's what he told me. >> the next crisis will not be coming from banks. i do not know where it will come, it may not be in financial conveyed might be in technology. maybe it will be private security that would back a lot of us. but the big crisis will not be in financial
it is kind of like what we have heard from others, this whole notion of a new normal type environment. growth continues to be low about fragile, and there is a continued risk of asset bubbles building. andt conviction is low, comedies are not doing a lot of investing or hiring. there is a bold case scenario, -- bull case scenario, but that only has a 25% probability. >> what an interesting way to look at the markets. what does larry fink have to say? >> larry, as it turns out, is...